What I don't understand, why the urge to raise interest rates in the face of rising energy prices? Granted they've already stuck us into a room with no doors, now the dollar is on the verge of collapse, oil is already curbing and putting the economy into recession, the housing bubble may have already peaked, and the Fed still raises rates???
So many items are intertwined at this critical juncture that it's almost inevitable for something negative to happen which affects the economy greatly going forward... this has got to be the worst economic policy that has ever engulfed the globe.
The rising in home prices reminds me of the false wealth that was created in the German mark before it collapsed...